ACNB (NASDAQ:ACNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ACNB (NASDAQ:ACNB) from a hold rating to a buy rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $48.67.

ACNB Price Performance

Shares of ACNB stock opened at $47.45 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. ACNB has a 52 week low of $35.70 and a 52 week high of $53.89. The company has a market cap of $493.01 million, a PE ratio of 13.40 and a beta of 0.86. The business has a 50 day moving average of $50.08 and a 200 day moving average of $47.82.

ACNB (NASDAQ:ACNB) last released its earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. ACNB had a return on equity of 12.77% and a net margin of 19.32%.The company had revenue of $40.74 million during the quarter, compared to analysts’ expectations of $39.69 million. As a group, equities research analysts forecast that ACNB will post 3.22 earnings per share for the current year.

ACNB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. ACNB’s dividend payout ratio is 42.94%.

Insider Buying and Selling

In other ACNB news, EVP Brett D. Fulk sold 1,486 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $48.52, for a total transaction of $72,100.72. Following the completion of the sale, the executive vice president directly owned 1,048 shares in the company, valued at $50,848.96. The trade was a 58.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin J. Hayes sold 750 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $51.30, for a total transaction of $38,475.00. Following the sale, the senior vice president directly owned 2,632 shares of the company’s stock, valued at $135,021.60. The trade was a 22.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,009 shares of company stock worth $510,520. 3.53% of the stock is owned by insiders.

Institutional Trading of ACNB

Several large investors have recently added to or reduced their stakes in ACNB. Equitable Trust Co. raised its position in shares of ACNB by 2.5% during the 4th quarter. Equitable Trust Co. now owns 9,260 shares of the bank’s stock valued at $448,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ACNB by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank’s stock worth $203,000 after buying an additional 234 shares during the period. Allworth Financial LP increased its stake in ACNB by 42.9% in the 2nd quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock worth $43,000 after buying an additional 300 shares in the last quarter. First Trust Advisors LP raised its holdings in ACNB by 5.2% during the second quarter. First Trust Advisors LP now owns 6,725 shares of the bank’s stock valued at $288,000 after acquiring an additional 334 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in ACNB by 56.5% during the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock valued at $44,000 after acquiring an additional 374 shares during the period. 32.35% of the stock is currently owned by institutional investors.

ACNB Company Profile

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company’s main business activities encompass a full range of retail and commercial banking products.